“Consumer confidence fell again in November with consumer expectations at recessionary levels. An aggressive Fed tightening cycle, elevated price pressures, and the fallout from the Russian war in Ukraine remain risks for the economic outlook.” ~ Robert Hughes
READ MORE“Consumer sentiment fell in November and remains at recessionary levels. Inflation expectations ticked down, and long-run expectations remain well anchored.” ~ Robert Hughes
READ MORE“Weekly initial claims rose to the highest level since August, and job cut announcements rose in October. Rapid price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
READ MORE“New-home sales rose in October, but so did prices and inventory. High prices, bloated inventory, and elevated mortgage rates suggest a poor outlook.” ~ Robert Hughes
READ MORE“Durable-goods orders rose in October though growth in real durable-goods orders remains modest.” ~ Robert Hughes
READ MORE“Existing-home sales fell again in October as reduced affordability pushes buyers out of the market. The outlook for housing is unfavorable.” ~ Robert Hughes
READ MORE“Single-family housing starts and permits fell again in October as demand continued to weaken. Plunging homebuilder sentiment suggests an unfavorable outlook for housing.” ~ Robert Hughes
READ MORE“Weekly initial claims fell, and the low level suggests the labor market remains tight. Rapid price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes
READ MORE“Industrial-sector output fell in October though motor vehicle production rose. Elevated price pressures, weak consumer sentiment, and an aggressive Fed tightening cycle remain risks. Caution is warranted.” ~ Robert Hughes
READ MORE“Retail spending was strong in October, but the recent inflation-adjusted trend remains weak. Threats to the economy remain significant, and risks remain elevated. Caution is warranted.” ~ Robert Hughes
READ MOREThe AIER Leading Indicators Index remained well below neutral in the latest month, signaling broadening economic weakness and sharply elevated levels of risk for the outlook. Caution is warranted.
READ MORE“Consumer sentiment fell in early November and remains at recessionary levels. Inflation expectations ticked up, but long-run expectations remain well anchored.” ~ Robert Hughes
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